SIA, world no. 2 Airline according to Skytrax in 2019 saw its share price comes tumbling hard day by day. Read the latest news here .
Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ?
I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and businesses. In tourism, many hospitality firms that depend on a concentrated nationality like China saw their business plummet 90 over percent and many have declared bankrupt.
Never mind the experts, politicians have differing views about when we can see a turnaround for Covid-19, some say in April , others claim in June. We need to be mentally prepared. The loss of job, income, family disruption and inconvenience has to be accepted and one has to find ways to adapt as fast as possible.
Nobody says it is going to be easy but rather than complain and find fault with whoever, whatever that causes this , it is wiser to find more additional sources of income as one would need more of it , especially in this pandemic now.
This airlines may have a lifeline thrown to them by the Government or some Aviation association since they are so big and too big to fail (i think). But we cannot say the same for an individual family, anywhere in the world. Life still have to go on and the faster we accept it, be socially responsible when we are going out (wearing mask, using sanitiser) and keeping a safe distance, the lower chance of us contracting this Covid-19.
Take this opportunity to learn as much as possible about trading (if this is your cup of tea) or any other money - making ideas you have. Spring is here, a season for sowing. So, let's sow our good seeds of love, compassion, diligence and joy into our lives and in due course, when the time for harvest comes, we can reap a bountiful one and share with more people.
Will the SINGAPORE Government consider a bailout like what the other airlines are asking from their own government as well ?
I have said that this Covid-19 serves as a serious wake up call for all of us, individuals and businesses. In tourism, many hospitality firms that depend on a concentrated nationality like China saw their business plummet 90 over percent and many have declared bankrupt.
Never mind the experts, politicians have differing views about when we can see a turnaround for Covid-19, some say in April , others claim in June. We need to be mentally prepared. The loss of job, income, family disruption and inconvenience has to be accepted and one has to find ways to adapt as fast as possible.
Nobody says it is going to be easy but rather than complain and find fault with whoever, whatever that causes this , it is wiser to find more additional sources of income as one would need more of it , especially in this pandemic now.
This airlines may have a lifeline thrown to them by the Government or some Aviation association since they are so big and too big to fail (i think). But we cannot say the same for an individual family, anywhere in the world. Life still have to go on and the faster we accept it, be socially responsible when we are going out (wearing mask, using sanitiser) and keeping a safe distance, the lower chance of us contracting this Covid-19.
Take this opportunity to learn as much as possible about trading (if this is your cup of tea) or any other money - making ideas you have. Spring is here, a season for sowing. So, let's sow our good seeds of love, compassion, diligence and joy into our lives and in due course, when the time for harvest comes, we can reap a bountiful one and share with more people.
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www.businesstimes.co...pending-announcement
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guys, I think those who want to short SIA can get ready your bullets. The unprecedented fall in Oil prices today will bleed SIA drastically. Airlines in order to compete will have to hedge their position against volatility in oil prices. For example if SIA hedge at $70/per barrel and at current price of $30/barrel, the difference is what SIA has to bear, paying more than double what the market is offering.
This situation is exacerbated by the Covid-19 situation where demand for air travel is drastically reduced. Even with promotion, people are fearful to travel and with many countries still imposing ban, it makes business travel extremely difficult and inconvenient.
This situation is exacerbated by the Covid-19 situation where demand for air travel is drastically reduced. Even with promotion, people are fearful to travel and with many countries still imposing ban, it makes business travel extremely difficult and inconvenient.
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PM Lee has just spoken live on TV on the Labour Day speech. He mentioned the Government will do what they can to salvage SIA , the national carrier of Singapore. Thus, all short selling to cease. He mentioned travel and tourism business will take a while to recover...
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www.cnbc.com/2020/05...ism-in-5-charts.html
It's very clear that Asia Pacific airlines would be hard hit compared to its peer in US and Europe
It's very clear that Asia Pacific airlines would be hard hit compared to its peer in US and Europe
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OMG!!!!
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today , it dropped another 7%......
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www.bloomberg.com/ne...s-with-travel-halted
Airlines, cruises, etc are not out of the woods yet, no light at the end of the tunnel. Avoid these sectors , don't bank your luck on rebound... it can go up fast and come down just as fast.
Airlines, cruises, etc are not out of the woods yet, no light at the end of the tunnel. Avoid these sectors , don't bank your luck on rebound... it can go up fast and come down just as fast.
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www.bloomberg.c...ne-flight-a-day?srnd=premi...
Could this tie up resurrect the Singapore fallen angel ?
Could this tie up resurrect the Singapore fallen angel ?
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